Barnes & Noble rises after report says Nook spin may now be more feasible

theflyonthewall.com

According to contacts, dealReporter stated that shareholders of Barnes & Noble (BKS) believe Liberty's (LINTA, LMCA) exit from its stake in the bookseller could make it easier for the company to spin off its Nook unit, which is a move that has long been speculated. Citing a source, dealReporter said the company may look to split into separate retail, college, and Nook segments, with a quoted shareholder stating the opinion that Chairman Leonard Riggio would need a bid in at least the low-$20s for the retail unit if he is to make a viable offer. Shares of Barnes & Noble are up 50c, or 2.75% to $18.69 in afternoon trade.

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